How to Buy Basic Attention token in the USA

A Beginner’s Guide to Buying Basic Attention Token Cryptocurrency in the USA

Last Updated July 23rd 2021
5 Min Read

In this guide, we are going to cover the ins and outs of Buying Basic Attention Token in the USA

This includes what BAT is, how to buy it from the comfort of your own home. Plus, we’ll review the best US exchange you can buy from today.

Basic Attention Token is one of the most popular cryptocurrencies. The token has gained popularity globally and especially in the US. Investors in the country are always looking for ways to invest in this token and short their investments to earn quick returns. 

This guide is detailed and well-researched to ensure that you will have all the information you need to know about investing in BAT tokens. The guide is very comprehensive to ensure that even a beginner can understand most of the processes involved. 

If you are new to crypto, you need to tread carefully when making investments because this market is highly unpredictable, and a sudden price movement can cause you huge losses. 

What’s in this guide? 

  1. QUICK GUIDE: HOW TO BUY BASIC ATTENTION TOKENS IN THE USA
  2. A step-by-step guide to buying Basic Attention Tokens in the USA
  3. Store in a crypto wallet
  4. How to sell Basic Attention Tokens
  5. Things to consider before buying Basic Attention Tokens in the USA
  6. Conclusion

QUICK GUIDE: HOW TO BUY BASIC ATTENTION TOKEN IN THE USA

  1. Open an account with a cryptocurrency exchange
  2. Verify your account
  3. Go to the deposit section
  4. Go to the platform and select Basic Attention Tokens
  5. Enter how many Basic Attention Tokens BAT you want to buy
  6. Check the details and confirm your purchase

A step-by-step guide to buying Basic Attention Token in the USA

Follow the following steps to buy BAT in the US. 

Step 1: Open an account 

The first step in buying BAT is opening an online crypto exchange account through an internet broker so that you can begin trading the tokens. Since its launching in 2017, the crypto market has witnessed an increased number of exchanges in the US facilitating the buying and selling of BAT tokens. Opening an account is done on your preferred exchange website. Noteworthy is that you have to verify that your chosen means of payment is acceptable before signing up.

Step 2: Fund the account 

The second step is to fund the exchange account with the money you would like to spend. There are two ways you can do this. First, you can link your credit card, debit card, or bank account to the exchange and then buy your chosen tokens. However, this option is only available on selected exchanges. 

The second way of funding your account is by using other cryptocurrencies to later change for BAT tokens. This option favors people who are already familiar with the crypto market and had bought tokens previously. To buy the tokens using this method, select the pair you would like to exchange, such as BTC/BAT or ETH/BAT. 

Step 3: Buy BAT

Making your purchase is the third and final step in buying the BAT. Internet brokers have ensured that conducting online transactions is not only easy but also fast. The third step involves buying the tokens. 

There are two types of orders you can place to make the purchase. The market order will allow you to buy at the ongoing prices, while a limit order will allow you to buy when the prices are lower. Whilst a market order is settled instantly, a limit order will only be fulfilled when the prices reach your preferred buy price. 

Store your BAT tokens in a crypto wallet 

Having bought your Basic Attention tokens, you have to store them in a crypto wallet. One of the crypto wallets you can use is a Web wallet. Web wallet runs over the cloud and is accessible to the owner for as long as they use a digital device like laptops or tablets. 

On the other hand, a mobile wallet is an application tailor-made to be installed and operated on the smartphone. In operating the mobile wallet, the user reserves the right to manage their digital assets. They can also trade their cryptocurrencies while on the move straight from the mobile device. Most exchanges will provide you with a mobile wallet. 

The safest type is a Hardware wallet. A hardware wallet is a physical device that wallet holders can use in storing their keys. The distinguishing factor for this type of wallet is that it can be operated even without internet connectivity. Hardware wallets are also called wallets because they store your crypto offline, away from any malicious stealing attempts on the internet. 

How to sell Basic Attention Token

To sell the BAT tokens you are holding, you first need to sign in to the exchange account. Remove tokens from your wallet and deposit them to the exchange. Later, you can choose the way you want to sell the BAT tokens. Either you can sell them for fiat currency or sell them in exchange for other cryptocurrencies. 

To trade tokens for other cryptocurrencies, you can choose the most popular and accepted cryptocurrencies, Bitcoin and Ethereum, as they make it easy for you to access your tokens. The ease of access is because of their high volume and liquidity capacity of the two cryptocurrencies. 

Once your transaction has been approved, it will become very easy for you to withdraw your funds from the exchange. As the purchase process, the sale will only take a few minutes before the transaction is approved. 

Things to consider when buying Basic Attention Tokens in the USA

Some things you need to consider before buying attention token include: 

Availability 

The first thing you should consider is the availability of the tokens. When the Basic Attention tokens are highly available, it will ensure that you can easily buy and sell the tokens. The number of tokens in circulation measures availability. 

Risky nature 

BAT is a highly volatile token, just like the other cryptocurrencies. Before you invest, you need to note this and ensure that you are prepared for any eventualities caused by price fluctuations. 

Performance  

The other thing you need to look at is the performance of the tokens. It is always advisable to go for the token that has been performing well in recent months. Such tokens will demonstrate a slightly stable price trend. 

Conclusion 

By reading this guide, you will be equipped with the knowledge you need to know about investing in BAT tokens. The guide has been well detailed to take you through all the processes involved and ensure that you have an easy time buying BAT tokens in the USA.

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